Bolivia

Venezuela

Trinidad
&
Caribbean

Petroecuador president quits

Reuters
QUITO
Petroleumworld.com 06 23 06

The head of Ecuador's state oil company Fernando Gonzalez said he resigned his post for personal reasons on Wednesday.

"It's time to go," Gonzalez, who was Petroecuador chief for four months, told Reuters in a phone interview. "I have done my job and I'm leaving for personal reasons and not because of any disagreements with the administration."

Gonzalez, a close friend of President Alfredo Palacio, was key in Ecuador's annulment of its contract with Occidental Petroleum (OXY.N: Quote, Profile, Research) on May 15.

The annulment came after a long-running legal spat over accusations that the Los Angeles-based company sold an oil block without government authorization.

Petroecuador took over the company's oilfields in the Amazon region, but has run into disagreements with the Economy Ministry over the release of much-needed operational funds.

Reuters 22 06 06

Copyright ©2006 Reuters. All Rights Reserved.

 

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

Contact:editor@petroleumworld.com/phones:(58 412) 996 3730 or 952 5301
www.petroleumworld.com-Editor:Elio Ohep /Publisher-Producer:Elio Ohep.
Contact Email: editor@petroleumworld.com
Legal Information. CopyRight © 2002, Elio Ohep.- All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.